mississippi society of certified public … · adam blake mcinnis, cpa ocean springs died may 16,...

Donald McWilliams of Jackson has been selected as the 2016 MSCPA Public Service Award Winner and will be recognized during the Annual Business Meeting on Saturday, June 25 at Sandestin Golf and Beach Resort.

Donald has spent his entire career in public service as a teacher, public employee, mentor, and community advocate. He joined the faculty of Jackson State University in 2009 as

Robert (Rob) D. King, Jr. of Hattiesburg has been named the 2016 MSCPA Rising Star and will be recognized during the Business Meeting at the Annual Convention on Saturday, June 25.

The Rising Star Award, established in 2014 by the Board of Governors, recognizes an outstanding young CPA in Mississippi age 40 or under who has demonstrated exemplary

an instructor of accounting and teaches Financial Accounting and Governmental and Not-for-Profit Accounting. He serves as faculty advisor to the JSU Accounting Society where he spends many hours leading, motivating and developing students desiring to become licensed professionals. Under his guidance, the Accounting Society has more than doubled its membership. Each year he chaperones students attending the regional conference of accounting professionals. At this event, students participate in job interviews, networking opportunities, a scholarship luncheon and professional development workshops. In addition to the Accounting Society, Donald is also an advisor for the JSU Chess Club, mentors to young male students on

M I S S I S S I P P I S O C I E T Y O F C E R T I F I E D P U B L I C A C C O U N T A N T S

VOLUME XLVIII JUNE 2016

continued on page 17

continued on page 6 continued on page 6

IN MEMORIAMTommy Lee Hawkins, CPA

GreenwoodDied Mar. 10, 2016

Adam Blake McInnis, CPAOcean Springs

Died May 16, 2016

Dan Spearman Hyde, CPARidgeland

Died May 19, 2016

Myles Hopkins, CPANatchez

Died June 6, 2016e

MEMORIAL GIFTto the

EDUCATION FOUNDATIONin memory of

Tommy Lee Hawkins, CPAGreenwood

byKaren C. Howell, CPA

GreenwoodTaylor, Powell, Wilson &

Hartford, P.A.Greenwood

Dr. Morris H. Stocks Outstanding EducatorDr. Morris H. Stocks of the University of Mississippi has been named the 2016 MSCPA Outstanding Educator and will be recognized during the Business Meeting at the Annual Convention at Sandestin Golf and Beach Resort in Destin on Saturday, June 25.

He has been a member of the University of Mississippi faculty since 1991 and remains active in the teaching and research missions of the accounting program. He has actively recruited students into the accounting profession, mentored students

and has been an ambassador and supporter of the accounting profession throughout his career. Stocks is the 1998 recipient of the university’s most prized teaching honor, the Elsie M. Hood Outstanding Teacher Award, and was named Patterson School of Accountancy Outstanding Teacher in 1995 and 2000 and Outstanding Researcher in 1996, 2001 and 2007. Stocks’ primary research interest relates to financial accounting issues on the decision-making process of users of accounting information. He has published in many of his profession’s top academic and professional journals.

Dr. Stocks serves as provost and executive vice chancellor. He previously served as interim chancellor and professor of accountancy. Immediately before assuming responsibilities as interim chancellor in 2015, Stocks served the university as

Dr. Morris H. Stocks

Donald McWilliams

Rob King

Donald McWilliams Public Service Award Winner

Rob King 2016 Rising Star Winner

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Mississippi Society of Certified Public Accountants June 2016

Publishedby the

Mississippi Society of Certified Public Accountants

306 Southampton RowThe Commons

Highland Colony ParkwayRidgeland, MS 39157

PHONE: (601) 856-4244FAX: (601) 856-8255

E-MAIL ADDRESS: [email protected]

OFFICERS

ChairmanCheryl Lee, Jackson

Vice Chairman/Chairman-ElectCharles Prince, Magee

TreasurerTed Edwards, Jackson

SecretaryAnnette Herrin, Hattiesburg

President/CEOKaren Moody, Jackson

The CPA Newsletter is the official publication of the Mississippi Society of Certified Public Accountants. The Newsletter invites articles of interest to the profession and gives credit to the author; however, it reserves the right to edit articles for correct spelling, wording and punctuation.

Opinions expressed are not necessarily the official policy of the MSCPA. Advertising is accepted in good faith that the product/services are of value stated.

Welcome New MembersNew members include Steve S. Dobbins, Mary E. Jones, Domina Cox Kaler, Jack A. Kaler, Rachel Lynne McIntire, John Irvin Myers, Ricco L. Owens, Eva Q. Perkins, Michael Timothy Skinner, Andrew Spearman, and Angie Sigrest Turner.

Now completing the membership process are:

Kirk Gibson Anthony was born in Jackson and received a Bachelor of Accounting from Mississippi College. He is a Senior Accountant with Williams, Weiss, Hester, & Co., PLLC in Jackson.

William C. Carroll, Jr., was born in Yazoo City and received a Business Degree from the University of Mississippi and a BS Accountancy from Mississippi College. He is a Manager with Harper, Rains, Knight & Company, P.A. in Ridgeland.

Eric Casperson was born in Ogden, Utah and received Bachelor of Accountancy and Master of Accountancy from the University of Mississippi. He is a Senior Accountant with Harper, Rains, Knight & Company, P.A. in Ridgeland.

Steven Wayne Hinson, Jr. was born in Columbia, South Carolina and received a Bachelor of Accountancy and Master of Taxation from Mississippi State University. He is a Staff Accountant with Silas Simmons, LLP in Natchez.

Nathan Scott Rowell was born in Millington, Tennessee and received a Bachelor of Accountancy and Master of Professional Accountancy from Mississippi State University. He is an Audit Associate with Harper, Rains, Knight & Company, P.A. in Ridgeland.

James Robert Slater was born in Honolulu, Hawaii and received a BSBA from the University of Southern Mississippi. He is a Plant Controller with Johnson Controls, Inc. in Hattiesburg.

Tommy Story was born in Mobile, Alabama and received a Bachelor of Science in Business Administration from the University of Southern Mississippi. He is a Deputy Clerk with Jackson County Chancery Clerk in Pascagoula.

Brittney Marie Williams was born in Cleveland, Ohio and received a Bachelor of Accountancy from the University of Mississippi and a MBA, Accounting from Mississippi College. She is a Staff Accountant II with Blue Cross & Blue Shield of MS in Flowood.

Patricia L. Lindsey was born in Poplarville and received a BSBA in Accounting and a MPA from the University of Southern Mississippi. She is an Auditor with Harper, Rains, Knight & Company, P.A. in Ridgeland.

President/CEO Karen Moody, Chairman Cheryl Lee, Chairman-Elect Charles Prince (pictured left), and AICPA Council Member Sim Mosby (pictured right) recently represented MSCPA at the AICPA Spring Council Meeting in New Orleans where the theme was Explore, Connect, Expand: Thriving in a Shifting Environment. The meeting included entertainment at The National WWII Museum.

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Mississippi Society of Certified Public AccountantsJune 2016

The U.S. Department of Labor (DOL) on May 18 released a final rule amending the requirements for overtime pay that would dramatically increase the salary thresholds for exemption for CPA firms and other businesses here in Mississippi and throughout the nation.

Under the FLSA employees who work more than 40 hours in a week are entitled to overtime pay, unless they meet the requirements of one of wage level and duties tests. The new rule doubles the minimum salary threshold from $23,660 to $47,476 annually and raises the exemption level for what are considered “highly compensated employees” from $100,000 to $134,004 annual salary. DOL estimates that this rule change will directly impact some 4.2 million workers across the United States not currently eligible for overtime and may reclassify an additional 8.9 million salaried workers as nonexempt.

Businesses nationwide are assessing the effects of the new overtime-pay rule, with many companies saying the regulation will lead them to reduce workers’ hours, cut benefits, or limit flexible office arrangements. Companies will have until December 1, 2016, to make determinations on which employees to reclassify as nonexempt and implement the changes.

In Mississippi, CPA firms and clients alike are expressing concern about the rule’s impact.

“The rule may be well-intentioned, but is likely to have unintended consequences,” said Karen Moody, MSCPA President/CEO. “Expanding the pool of overtime-eligible employees will force firms and companies to resort to cost-saving measures to maintain current payroll levels. The Labor Department received 270,000 public comments on its proposal, many from employers who believe the rule will force them to cap workers’ hours, slow the hiring of full-time employees, and shift salaried workers to hourly schedules.”

While most accounting firms will

work to absorb the additional payroll expectations, the overtime rule will have a significant negative impact on smaller accounting firms. Of particular concern, are the impacts the change in overtime has on major decisions such as hiring, expansion, the offering of benefits, and the ability to offer flexible working arrangements. Further, DOL does not take into consideration the seasonal nature of the accounting profession, nor the numerous small firms that are unable to increase the salaries of their employees to comply with the exemption threshold, while also meeting the demands of tax season each year.

In a statement released after the rule was issued, American Institute of CPAs’ (AICPA) President and CEO Barry C. Melancon, CPA, CGMA, said, “The proposed revisions fail to modernize or streamline the regulations, are not reflective of the realities of the modern workplace and a changing workforce, and would adversely affect both employees and employers. DOL’s modifications to the rule did little to lessen the likelihood that CPA firms and countless other businesses will be forced to curtail hiring – and may even have to reduce the size of their workforce.”

The MSCPA will work with the AICPA to urge Congress to intervene in the process so that regulations governing overtime pay reflect the evolving workplace in a manner that is not economically counterproductive.

MSCPA Assessing Impact of New DOL Overtime Rule

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Students Can Now Sit for the Exam with 120 College Hours

First, MSCPA coordinated with the State Board of Public Accountancy and helped to pass SB 2119, which updates Mississippi’s public accountancy laws. Our very own member, Senator Buck Clarke, authored this legislation. The relevant changes to the law include: • Lines 29-40 – Adds to the definition of

“Attest.” The new definition of “attest” brings the state into compliance with the Uniform Accountancy Act and to coordinate with the standards developed by the American Institute of Certified Accountants.

• Lines 101-103 – This change allows for a student to sit for the Mississippi CPA Licensure Exam after completing 120 collegiate-level semester hours. Mississippi over the last several years has been losing CPA candidates to surrounding states (most notably Tennessee) that allow candidates to sit for the CPA exam with less than 150 collegiate semester hours. This change will correct that problem.

• Lines 109-112 – Clarifies to show that 150 collegiate-level semester hours of education shall still be required to accept an application for a CPA license.

• Line 141 – allows use of email to give notice of proposed rule and regulation changes.

• Lines 177-178 – Technical change to allow notice sent by certified mail to the holder’s mailing address of record with the Board.

• Lines 184-186 – This change gives the Board flexibility to discipline a licensee. Current law only allows for suspension of license after a hearing is held.

• Lines 303-308 – Clarifies the law to show that the Board of Public Accountancy can clearly use a failed quality review result to discipline a licensee if needed.

Specialty License Tag to Help Fund MSCPA Scholarships

The next major priority for MSCPA was to pass a specialty license tag bill. Senator Buck Clarke introduced SB 2061, and Representative Bill Denny introduced HB 398 for MSCPA. Traditionally, the

Legislature combines all the specialty tag bills into one bill, 2016 was no different. Therefore, MSCPA specialty tag language was amended into SB 2675, authored by Senator Willie Simmons. Once 300 license tags are committed to be sold, this will allow for a specialty license tag to be bought for an extra $31, of which $24 will go to the MSCPA Educational Foundation. This is an excellent branding opportunity, as well as furthering the MSCPA Educational Foundation goal of funding scholarships each year to students recommended by their institution and the MSCPA Awards, Education & Scholarships Committee.

CPA Exemption from the Debt Act Extended

The final major priority for the 2016 Legislative Session was extending the exemption of CPAs from the Mississippi Debt Management Services Act. HB 470, signed by the Governor on April 5th, accomplished this goal. This exemption merely states that Debt Management Service Provider does not include those situations involving debt adjusting incurred incidentally in connection with the lawful practice as a certified public accountant. This exemption is extended for another 3 years and will be back before the Legislature in 2019.

Errors and Omissions Insurance Coverage Bill Killed

In addition to the passage of these three bills, the MSCPA was also able to kill HB 145, which would have required every firm engaging in the practice of public accounting in the State of Mississippi to carry errors and omissions insurance coverage in an amount of at least One Hundred Thousand Dollars ($100,000.00) per occurrence that covers every person associated or registered with the firm engaging in the practice of public

accounting in the State of Mississippi.

Date for Filing Income Tax Returns Revised

Another bill of note is HB 461, authored by Representative Jeff Smith, and signed into law by Governor Bryant on April 5th. This bill revises the date for filing income tax returns for individuals, estates, trusts, partnerships and corporations. For tax years beginning after December 31, 2015, the date for filing a return under this section shall be the same as the date provided for filing the corresponding federal return.

Changes for Charitable Organizations

In addition, SB 2447 was signed into law by Governor Bryant April 4. The bill, authored by Senator Sean Tindell, revises the renewal registration procedure for charitable organizations and authorizes the Secretary of State to provide for extensions of the due date for filing annual renewal of such registration. The changes include: • That the certificate of registration to

a charitable organization issued by the Secretary of State shall remain in effect until the time for annual renewal.

• A charitable organization shall renew registration by filing forms prescribed by the Secretary of State and paying the Fifty Dollar ($50.00) renewal fee on or before the fifteenth day of the fifth month following the close of the charitable organization’s taxable year.

• The Secretary of State pursuant to Section 79-11-509 may promulgate rules to provide for extensions of the due date for filing of the annual renewal required by this section and may impose an administrative penalty against any organization which fails to comply with this section within the time prescribed, or fails to furnish such additional information as is requested by the Secretary of State within the required time.

• Effective Date of this Act is July 1, 2016.

The Clay Firm wishes to express its gratitude for your continued partnership and look forward to next year’s session that will begin on January 3, 2017.

Legislation ReportThe 2016 Legislative Session was a huge success for the Mississippi Society of CPAs. MSCPA Chairman Cheryl Lee, Legislation Committee Chairman Linda Keng, Legislation Committee Millennial Chairman Matt Bailey, and MSCPA President/CEO Karen Moody worked with The Clay Firm on three major priorities, all of which passed the Mississippi Legislature overwhelmingly.

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leadership skills and involvement in the MSCPA, the Young CPA Network, the accounting profession and their communities.

Rob is a shareholder in The Koerber Company, P.A., where he is responsible for valuation and litigation support services for clients. The valuation services are primarily for estate and gift tax purposes, purchases and sales of businesses, and equitable distributions related to divorces. The litigation support services consist of estimating damages in personal injury and wrongful death actions. Rob has assisted in preparing expert reports as they relate to economic damage calculations for personal injury and wrongful death. Rob has spoken on valuation and litigation services to accounting students at Mississippi State

professional dress and ethics, and writes over 30 letters of recommendation for students each semester.

Donald also serves as the site coordinator for the Volunteer Income Tax Assistance (VITA) program at JSU. He has dedicated well over 200 hours each year to recruit, train, and supervise student volunteers. At the site, he also assists the international students with their tax reporting requirements. The JSU VITA program provides free income tax preparation to low-income individuals, provides students with practical experience in the field if accounting, and provides a valuable service to our community.

Donald is just as actively involved in off-campus service to our community. He served on the Board of Directors for the Hinds County Human Resources Agency. As such, he has been recognized for his outstanding leadership and service to that organization’s mission of empowering low-income citizens of Hinds County to become self-sufficient.

He earned a BS in mathematics from Mississippi Valley State University, 1988, post graduate study in mathematics at Arkansas State University, 1989, and Master of Professional Accountancy at Jackson State University, 1991. His work history includes 15 years of employment with the Mississippi Department of Revenue with positions in Criminal Investigations, Special Audit, and Bankruptcy & Collections. He has received other professional training at the Federal Law Enforcement Training

MCWILLIAMScontinued from page 1

KINGcontinued from page 1

Academy and the Department of Homeland Security. He has held teaching positions at Tougaloo College, Hinds Community College, Provine High School, and Arkansas State University with teaching areas in college algebra. Professional associations include the Mississippi Society of CPAs, Central Chapter of Association of Certified Fraud Examiners and National Association of Black Accountants. He is very active in the Jackson community where he serves on the board of the Hinds County Human Resources Agency and is deacon and treasurer of the Greater Bethlehem Temple Church. He also has an accounting practice with an office in Northeast Jackson.

University and the University of Southern Mississippi. Additionally, Rob has presented seminars to CPAs attending the AICPA 2014 Forensic and Valuation Services Conference, which was held in New Orleans, and to Mississippi attorneys.

Rob is licensed as a Certified Public Accountant in Mississippi and Louisiana. Additionally, he became a Certified Valuation Analyst through the National Association of Certified Valuators and Analysts and completed the requirements to be classified as Accredited in Business Valuation and Certified in Financial Forensics by the American Institute of Certified Public Accountants. He is a member of the Mississippi Society of Certified Public Accountants (including member of the Business Valuation and Litigation Services Committee; Millennial Chair), Society of Louisiana Certified Public Accountants (including member of the Business Valuation and Litigation Services Committee), American Institute of Certified Public Accountants (including the Forensic and Valuation Services Section), and National Association Certified Valuators and Analysts (including current president of the Mississippi Chapter). In November 2015, Mr. King was named by the American Institute of Certified Public Accountants as one of the Top Young CPAs in Forensic and Valuation. Rob was recently named as a member of the National Association of Certified Valuators and Analysts’ 40 Under Forty recognition program for 2016 and was recently elected to the Young CPA Network Board.

Robert received a Bachelor of Accountancy degree from the University of Mississippi in 2008.

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In accordance with the Trust Agreement of the Mississippi Society of Certified Public Accountants Education Foundation, the Trustees of the Foundation of which there are three, shall be appointed by vote of the Society and shall serve for a three-year term beginning July 1. The terms of the Trustees shall be staggered so that one new Trustee shall be appointed each year. For compliance with the Trust Agreement, the Board of Governors of the Mississippi Society of Certified Public Accountants has nominated Stacy Thomas of Jackson to fill the vacancy of a Trustee who is rotating off.

Stacy is a shareholder in the Jackson office of the law firm Baker, Donelson, Bearman, Caldwell and

Berkowitz, PC. He has practiced with the Firm since 1996. He focuses on federal and state tax issues, tax disputes, and estate planning. Stacy is a graduate of Mississippi State University and has served as President of the alumni Advisory Council for the Adkerson School of Accountancy. He received his law degree from Vanderbilt University and a master's degree in tax law from New York University.

Stacy has enjoyed opportunities to serve the Society in many capacities over the years, including President, Treasurer, member of the Board of Governors and member of the Executive Committee. He has chaired the Society's Public Service Award Committee and served several terms on the Nominations Committee. Stacy has also held several offices in the

Stacy Thomas

www.Barnes-LawFirm.com

Represented over 500 cases before the IRS and MDOR 40 years of trial experience Litigated 40 trials before the

United States Tax Court

Of Counsel: Ronald A. Worley, J.D., LL.M.

Lacey L. Bailey, J.D., LL.M.

James Williams “Will”Janoush, J.D., LL.M.

Harris H. “Trip” Barnes III, J.D., LL.M.

S. Gray Edmondson, J.D., LL.M.

Brandon C. Dixon, J.D., LL.M. Krista S. Andy, J.D., LL.M.

BUSINESS PLANNING• Corporate Financial Planning• Mergers• Sales of Businesses• Acquisitions

TAX SUPPORT• Civil / Criminal Tax Litigation• Civil / Criminal Tax Controversy• Individual Tax Planning• Business Tax Planning

ESTATE PLANNING• Wills• Trusts• Personal Financial Planning• Estate Litigation Experience. Excellence. Results.

Board Nominates Stacy Thomas for Trustee

Central Chapter (most recently President) and has served as Chair of the Taxation Section of the Mississippi Bar Association and president of the Estate Planning Council of Mississippi. He recently became a member of the Board of Directors of the Community Foundation of Greater Jackson.

Each member of the Society can vote at the Annual Meeting in person or by mail ballot prior to the Annual Meeting. The Annual Meeting will be held Saturday, June 25, 2016 during the MSCPA Annual Convention at Sandestin Golf and Beach Resort in Destin, Florida. Members not attending the Annual Meeting may request an absentee ballot by emailing [email protected]. Absentee ballots must be received by the Society office not later than June 20, five days prior to the Annual Meeting on June 25.

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facebook.com/msyoungcpas

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Allison Garner was selected by the MSCPA to attend the Alabama Leadership Academy Class V. Offered through the Alabama Soci-ety of CPAs, the Academy includes: • Four quarterly 8 hour in-person ses-

sions beginning in May 2015 and concluding in May 2016. The other two classes are in late September and mid-January.

• Coaching calls, individual and firm projects between in-person sessions.

• Webinars and reading assignments between in-person sessions.

• Graduation and special recognition awards at the final session.

Allison is originally from Grenada and

currently resides in Oxford. She received both her Bachelor’s and Master’s Degrees of Ac-countancy from The University of Mississippi’s Patterson School of Accountancy. Allison interned at Horne LLP during her senior year of college and at Borg Warner upon completion of her Master’s Degree. She has worked the past 4 years

Allison Garner Graduates Alabama Leadership Academy

in corporate accounting with her current employer, FNC, Inc., a mortgage software technology company.

Allison is a member of the AICPA, MS Society of CPAs, and the MS Young CPA Network. Allison served on the board for the MS Young CPA Network for the 2015-2016 fiscal year. She is very active on the Industry Committee for the MS Society of CPAs and serves as the millennial chair.

Allison’s community involvement consists of Young Professionals of Oxford, where she served on the Our Team Our Town board, and helped with FNC’s yearly United Way fundraisers.

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The MSCPA would like to thank our 2016 Annual Convention Sponsors and Exhibitors!Advantage Business SystemsBaker DonelsonBancorpSouthBankPlusBarnes Law FirmBrown & Brown InsuranceBruniniButler SnowCalculators PlusCommunity Foundations of Greater

JacksonCopeland Cook Taylor & BushDebbie Shelby Dees, JD, LLMGilsbarPROHUB InternationalJones WalkerMississippi Kidney Foundation Kidney Kars

ProgramMSCPA ChaptersOffice DepotRegionsService Printers, Inc.Southeastern FinancialSouthern AgCreditTopp McWhorter HarveyTrustmarkUniversity of MississippiUniversity of Southern MississippiWatkins & EagerWoodridge CapitalWyatt Tarrant & Combs LLP

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Save on a broad portfolio of Office Depot products for you and your business, including:• 30% off general office supplies

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On May 5, 2016, the Association for Accounting Marketing (AAM) announced the winners of the We AAM to Serve Contest at the AAM-MAAs Gala in New Orleans.

Haddox Reid Eubank Betts PLLC was announced as the 2016 “Small Firm Winner” for Outstanding Civic and Philanthropic Leadership at the AAM-MAA's Gala.

AAM strongly believes in giving back to the community - whether it’s serving food, building homes, picking up trash, running a race, or walking a walk. Accounting firms shared the story of how they served their community. All submissions were reviewed by the We AAM to Serve Committee. Three winners were determined based on involvement, creativity, and the overall feel of the firm’s philanthropic story. Submissions were categorized based on firm size. The three winning firms were announced at the AAM Summit AAM-MAAs Gala and will be showcased on

show you how to maximize these savings.Enrollment in the Office Depot Savings

Program is free for MSCPA members, with no fees or minimum requirements. You can receive these discounts even if you already have an Office Depot Rewards account. Take advantage of this valuable member benefit today. To enroll and start saving, or if you have any questions, call Tony Meyer, our Office Depot Representative. Look for Tony at convention!

See the flyer insert for instructions on how to use your store purchasing card in stores, or how to shop online via the MSCPA/Office Depot portal.

social media, in the AAM Minute, in AAM member mailings, and on the AAM Website.

The Gala took place during the Association's 2016 Summit in New Orleans on May 5th. This year's summit marked the 27th edition for the organization. The AAM Summit is the largest event hosted by the association. Accounting marketing and business development professionals, as well as partners and firm administrators attend the Summit annually to connect with colleagues and learn new strategies to enhance their firm's marketing and promotion efforts.

“Our support of the communities in which we live and work is a very important part of who we are. Winning this award is a tribute to our generous people’s willingness to participate in, lead and financially support a variety of community, civic, religious and educational organizations and institutions,” said Paul Calhoun, Managing Partner.

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CPE August-September 20168/18-19/2016 Governmental Annual Accounting and Auditing ConferenceThursday - Friday Discussion Leader: PanelJackson Cost: Members: $280 Non-Members: $380 AICPA Member Discount: $0Hilton-Jackson Course Hours: 8:30-4:30 Level: CPE Credit: 16 VENDOR: SELF ACRONYM: GAACCourse objectives and description: As the date for this event approaches, please access the MSCPA web site for details and registration information on this conference. www.ms-cpa.org

8/25/2016 Banking and Finance ConferenceThursday Discussion Leader: PanelRidgeland Cost: Members: $200 Non-Members: $275 AICPA Member Discount: $0Embassy Course Hours: 8:30-4:30 Level: Intermediate CPE Credit: 8 VENDOR: SELF ACRONYM: BFC Course objectives and description: As the date for this event approaches, please access the MSCPA web site for details and registration information on this conference. www.ms-cpa.org

9/20/2016 Ethics, Rules, and RegulationsTuesday Discussion Leader: William F. (Bill) Taylor, CPARidgeland Cost: Members: $145 Non-Members: $185 AICPA Member Discount: $0MSCPA Center Course Hours: 8:30-12 Level: Update CPE Credit: 4 Ethics VENDOR: SELF ACRONYM: ERR-8Course objectives and description: This seminar satisfies the State Board’s requirement for three hours of general ethics and one hour of Mississippi Rules and Regulations

9/20/2016 From Hiring to Firing and Everything In-Between: Legal and Payroll Tax IssuesTuesday Discussion Leader: William F. (Bill) Taylor, CPARidgeland Cost: Members: $145 Non-Members: $185 AICPA Member Discount: $0MSCPA Center Course Hours: 1:00-4:30 Level: Basic CPE Credit: 4 Tax VENDOR: SURGENT ACRONYM: HFE4Course objectives and description: The employer-employee relationship strains both sides in a troubled economy, and businesses need CPAs, controllers, and other advisors to provide understanding of the complex legal and payroll tax issues associated with all aspects of employment. This course provides in-depth coverage of this critical area.

9/21/2016 Construction Contractors Advanced IssuesWednesday Discussion Leader: Andrew C. (Andy) Copeland, CPARidgeland Cost: Members: $260 Non-Members: $335 AICPA Member Discount: $30MSCPA Center Course Hours: 8:30-4:30 Level: Update CPE Credit: 6 A&A 2 Tax VENDOR: AICPA ACRONYM: CCAICourse objectives and description: The construction industry comes with many advanced accounting issues, audit procedures, and tax issues, which makes construction contractor engagements inherently higher risk than other engagements. As a result, practitioners and financial professionals should be prepared to address difficult issues such as look-back calculations, measuring progress of contracts, overhead allocations, and internal controls for construction contractors. Learn about some of the most pervasive issues in the construc-tion industry and how to identify and manage

9/23/2016 Health Care Services SeminarFriday Discussion Leader: PanelRidgeland Cost: Members: $220 Non-Members: $295 AICPA Member Discount: $0MSCPA Center Course Hours: 8:30-4:30 Level: Intermediate CPE Credit: 8 TBD VENDOR: SELF ACRONYM: HCSSCourse objectives and description: As the date for this event approaches, please access the MSCPA web site for details and registration information on this conference. www.ms-cpa.org


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9/27/2016 Surgent’s Handbook for Mastering Basis, Distributions, and Loss Limitation Issues for S Corpora-tions, LLCs, and Partnerships

Tuesday Discussion Leader: Jonathan S. Ingber, CPARidgeland Cost: Members: $260 Non-Members: $335 AICPA Member Discount: $0MSCPA Center Course Hours: 8:30-4:30 Level: Intermediate CPE Credit: 8 Tax VENDOR: SURGENT ACRONYM: HMBICourse objectives and description: The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on the practical applications of these rules.

9/28/2016 Preparing Individual Tax Returns for New Staff and Para-ProfessionalsWednesday Discussion Leader: Jonathan S. Ingber, CPARidgeland Cost: Members: $260 Non-Members: $335 AICPA Member Discount: $0MSCPA Center Course Hours: 8:30-4:30 Level: Basic CPE Credit: 8 Tax VENDOR: SURGENT ACRONYM: PITRCourse objectives and description: The objective of this course is to train new staff accountants, data processing employees, para-pro-fessionals, and bookkeepers to prepare a complicated federal individual income tax return. Over the years, thousands of new staff have received practical, hands-on experience to become familiar with most tax forms. This course covers the latest tax law changes, making it essential for your new staff.

Fastest smartest malpractice insurance. Period.

800.906.9654GilsbarPRO.com

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Participate today! 2016 AICPA PCPS / CPA.com National MAP Survey

How Does Your Firm Stack Up? Participate in the CPA profession’s premier benchmarking study, which allows firms of all sizes to compare themselves to others around the country and by region.

Participation is easy:1. Sign up for the survey at https://www.aicpapcpsmapsurvey.com/Signup-2016MAP.aspx2. Take the survey.3. Watch for final results in September.

Additional information on reports and pricing can be found at https://www.aicpa.org/mapsurvey.

The survey closes to new participants on July 15. Registrants will have until July 31 to complete data entry!

All participants receive a FREE personalized summary report with over 100 data points to compare. Comprehensive results and access to dynamic reporting options are also free to PCPS members ($300 value).

Not a PCPS member? Visit https://www.aicpa.org/pcps/Membership to learn how your firm can join for only $35/CPA.

provost and vice chancellor for academic affairs for seven-and-a-half years. Stocks also served as senior vice chancellor for planning and operations and from 2002 to 2006, he held the position of dean of the Patterson School of Accountancy. During his tenure as dean, the Patterson School was ranked as one of the top 25 accounting programs in the country for the first time in its history. Before being named dean, Stocks was the university’s associate provost for three years, with responsibilities for the academic budget and undergraduate curriculum.

Stocks received his undergraduate degree in accounting from Trevecca Nazarene University, his master’s degree from Middle Tennessee State University and his Ph.D. from the University of South Carolina. He is a certified public accountant in the state of Mississippi.

STOCKScontinued from page 1

Dues Notices In The Mail This MonthDues notices for MSCPA membership year July 1, 2016 through June 30, 2017 go in the mail in late June to the 2,600+ members of the Society. Payment is due upon receipt of the statement. A copy of the 2016-2017 dues statement will be posted to the Society’s website (www.ms-cpa.org) for download. Dues not paid by October 1 are past due and must include a $25.00 late fee.

Do we have your current email address?(CPE confirmations & Society News Updates all go to your Email address.)

Send your preferred Email address to [email protected]

and we’ll update.

Annual Governmental

Accounting & Auditing Conference

Thursday and Friday, August 18-19, 2016

Hilton JacksonMember: $280

Non-Member: $380Approved for 16 hours of CPE

To register, visit www.ms-cpa.org and download the CPE

Registration Form.

NEW Banking and Finance Conference

Thursday, August 25, 2016

Embassy Suites Ridgeland

Member: $200Non-Member: $275

Approved for 8 hours of CPE

To register, visit www.ms-cpa.org and download the CPE

Registration Form.

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MSCPA Committee Day Thank you for volunteering

MSCPA Committees met Thursday, May 12 for Committee Day at the MSCPA Training Center where committees planned their program of work for the new fiscal year.

The 3rd annual leadership luncheon was held in conjunction with Committee Day for incoming/outgoing Committee Chairmen, incoming/outgoing Millennial Chairmen, AICPA Council Representative, candidates for office this year, and MSCPA officers.

2016-2017 Chairman Charles Prince Leadership luncheon guest speaker Harris H. (Trip) Barnes III, attorney at law

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Current Listings: New: Alcorn County-Gross $850k; US Virgin Islands-Gross $480k. Contact Kathy Brents, CPA CBI at 866-260-2793 or [email protected], or visit our website at www.AccountingBizBrokers.com.

u u uCALCULATORS PLUS is now handling the Monroe Calculators and supplies. Call Chester Wasser at 601-709-0371 or 888-264-3939 for more information and special CPA pricing.

u u uYOUR PRACTICE WANTED: We are North America’s leader in practice sales. If you are thinking about selling, contact us today for a confidential discussion. PRACTICES FOR SALE: • MS Gulf Coast CPA grossing $123K *New*• Mobile, AL CPA grossing $175K *New*• Chattanooga CPA grossing $475K *New* • Oxford CPA *Sold*• Rankin County CPA *Sold* • Central MS CPA *Sold* For more info, contact Lori Newcomer, CPA at 888-277-6040 or [email protected] or visit www.AccountingPracticeSales.com.

u u uJACKSON CPA FIRM of Breazeale, Saunders & O’Neil, Ltd. is seeking experienced audit and tax professionals, both full time and part time. Our staff enjoys state-of-the-art technology, intellectually challenging assignments

and meaningful opportunities to enhance professional and personal skills. In addition to an excellent compensation package, we offer a family atmosphere with a strong emphasis on client-centered professionalism. Send resume in confidence to P. O. Box 80, Jackson, MS 39205-0080. FAX 601-355-9003.

u u uA CPA WITH SEVERAL YEARS of small business and tax accounting experience is seeking a part-time job. Contact Van Hawthorne @ 601 209-8237 or [email protected]

u u uBKD, LLP, a top-tier accounting and advisory firm in the U.S., is seeking experienced audit professionals with 2 or more years experience for its Mississippi practice. Experience in healthcare, financial services, and/or manufacturing & distribution/commercial is favored though not necessarily required. CPA or CPA eligibility is required. Resumes may be sent to 190 East Capitol Street, Suite 500, Jackson, MS 39201, or emailed to Lauren Dendy at [email protected]. Please visit www.bkd.com for more information.

u u uINTERESTED IN SELLING YOUR PRACTICE? Matthews, Cutrer & Lindsay, P.A., a Ridgeland based firm, is interested in acquiring additional accounting practices. If you are looking to retire now or in the near future, we would like to talk with you. Please contact Charles Lindsay at 601-898-8875 or email [email protected].

u u uLOCAL JACKSON CPA wants to purchase small accounting/tax practice. Contact me at [email protected].

u u u

OFFICE SPACE AVAILABLE immediately in Ridgeland near Northpark Mall. Shared downstairs lobby, upstairs suite of 3 offices, conference room, reception area, and bathroom $1200.00/mo plus utilities. 601-978-1700

u u uWOODRIDGE CAPITAL, a Jackson area investment advisory firm, is currently seeking a qualified candidate to join our firm in the role of an investment advisor representative which includes business development, portfolio management and financial planning. Candidate should have a minimum of 5 years business experience, interpersonal skills and a strong interest in learning the investment advisory business. The firm offers a competitive compensation package and an excellent opportunity for advancement. To apply, send resumes to [email protected] or 800 Woodlands Parkway, Suite 201, Ridgeland, MS 39157.

u u uWANTED: CPA TO MERGE small practice with another CPA. Must buy out 20% of owner. Ready-made office and staff. Must stay in Pearl, Miss. Contact: 115 Skylane Dr., Pearl, MS 39208.

u u uRANKIN & ASSOCIATES, PLLC, a Gulf coast firm, is seeking a tax professional with 5+ years of experience in business and individual return preparation and planning; CPA or CPA eligibility is required. Send resume to: Office Manager, 3103 Pascagoula Street, Pascagoula, MS 39567; [email protected] or fax to 228-762-4498.

CLASSIFIEDScontinued from page 20

PRSRT STDU.S. POSTAGE

PAIDJACKSON, MSPERMIT #814

Mississippi Society ofCertified Public Accountantsand its Education Foundation

306 Southampton RowRidgeland, MS 39157

CLASSIFIEDSTAYLOR, POWELL, WILSON & HARTFORD, P.A. a full service public accounting firm formed in 1917, is seeking an accountant with experience in tax or audit to work in its Greenwood, MS office. Advancement opportunities are excellent within our staff of sixteen professionals including eight owners. A CPA with qualifications which include strong work performance, professional competence, team spirit and computer skills will be placed on a track to become an owner. Our firm offers a quality work environment, competitive salaries, and an outstanding benefits package including retirement, insurance, cafeteria plan, and much more. Very limited travel is required. The persons interested in this opportunity may send us their full resume to the following address: P. O. Box 9369, Greenwood, MS 38930-9369, or email to [email protected]. Your application will be processed with full confidentiality.

u u uTOPP MCWHORTER HARVEY, PLLC is seeking experienced auditors for full time positions. Competitive salary, excellent opportunity for advancement and great benefits. Please send resume to Attn: Human Resources, P.O. Drawer 15099, Hattiesburg, MS 39404.

u u uWILLIAM H. POLK & COMPANY, PA, a full service public accounting firm in north Mississippi for the past 56 years, is seeking a highly motivated CPA with a minimum of 5 years audit experience to assist in the leadership of our auditing practice for our Batesville location. We offer excellent benefits, competitive salary, and excellent opportunity for ownership. Please send resume to 105 Public Square, Batesville, MS 38606 or email to [email protected]. For more information about our firm please visit our website at www.whpolk.com

u u uROBERT HALF EXECUTIVE SEARCH is seeking high potential tax and audit professionals, specifically a Tax Manager, Audit Manager & Audit Supervisor for a client who provides assurance, tax, and outsourced services to a range of private, government and nonprofit firms (including healthcare clients) throughout Central

and South Mississippi. Our client upholds its standard of quality, customer service and staff development above all else and offers a very competitive compensation package with excellent benefits. Relocation assistance and commuting flexibility is available. For more information please contact Trevor Siebert at (202) 609-6642 or [email protected].

u u uFRAZEE IVY DAVIS, PLC in Memphis has an enduring and valuable opportunity for an exceptional audit manager /senior manager with 5+ years’ experience. Join a collaborative team, a growing Memphis firm, a credible succession process and a win-win path to increased income and responsibility. Send resume to [email protected]. For more information about our firm, visit us at www.fidcpa.com

u u uCOME JOIN THE TEAM at Matthews Cutrer & Lindsay, P.A. The firm is seeking an experienced tax professional for a part-time/per-diem position during tax season. This professional will be responsible for the preparation of corporate, partnership and individual tax returns. This position will be reoccurring each year during tax season. If you are interested and want to be considered for the position please send your resume to the attention of Michelle Stonestreet at 599C Steed Road, Ridgeland, MS 39157 or email [email protected].

u u uMAY & COMPANY, LLC, CPAs is seeking a senior level audit and tax professional with 2-5 years’ experience. Competitive salary, excellent opportunity for advancement, great benefits package and limited travel. Please send resume to Attn: Human Resources, P.O. Box 821568, Vicksburg, MS 39182-1568 or email to [email protected].

u u uCOME JOIN THE TEAM at Matthews, Cutrer & Lindsay, PA, recent recipient of the Mississippi Business Journal’s 100 Best Private Companies in Mississippi award. Currently the firm is seeking experienced auditors for full time positions. The firm offers excellent benefits, a competitive salary with opportunity for advancement along with an atmosphere that encourages a strong work/life balance. Send resumes to 599C Steed Rd, Ridgeland, MS 39157 or email [email protected].

u u uBKD, LLP, a top ten healthcare accounting and advisory firm in the U.S., is seeking experienced reimbursement consultant with five or more year’s experience for its growing Mississippi healthcare practice. As a reimbursement consultant for BKD, you may work on a variety of financial, billing and compliance projects, but a primary focus would be in reimbursement consulting services. Resumes may be sent to 190 East Capitol Street, Suite 500, Jackson, MS 39201, or emailed to Lauren Dendy at [email protected]. Please visit www.bkd.com for more information.

u u uNAMED ONE OF MISSISSIPPI’S 2015 BEST PLACES TO WORK by the Mississippi Business Journal, HADDOX REID EUBANK BETTS PLLC seeks experienced audit professionals interested in a rewarding career with one of the most established and respected CPA firms in the Jackson area. Excellent benefit package, competitive salary, and opportunity for advancement. Contact Paul Calhoun ([email protected]) or mail resume in confidence to P.O. Drawer 22507, Jackson, MS 39225-2507. For more information, visit our website www.HaddoxReid.com.

u u uKPMG LLP seeks experienced audit professionals interested in a rewarding career with one of the largest and most dynamic CPA firms in the world. Competitive compensation, excellent benefits and ample opportunity for advancement are offered. Mail resumes in confidence to 188 E. Capitol Street, Suite 1100, Jackson, MS 39201, e-mail [email protected], or visit our website at www.kpmg.com.

u u uSELLING YOUR FIRM IN 2016? Accounting Biz Brokers has been selling CPA firms for over 11 years and we know your market. We have a large database of active buyers ready to purchase. We offer a personalized, confidential process and seek to bring you the "win-win" deal you are looking for. Knowing what your firm is worth is a great place to start, so contact us today to receive your free market analysis or to start the sales process.


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mississippi society of certified public … · adam blake mcinnis, cpa ocean springs died may 16,...

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